FreightCar America (NASDAQ:RAIL) Stock Price Passes Above 200 Day Moving Average of $3.37

FreightCar America, Inc. (NASDAQ:RAIL)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.37 and traded as high as $3.46. FreightCar America shares last traded at $3.28, with a volume of 28,699 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Noble Financial upgraded FreightCar America to a “strong-buy” rating in a research note on Friday, June 28th. StockNews.com started coverage on shares of FreightCar America in a research report on Saturday. They issued a “hold” rating on the stock.

FreightCar America Stock Performance

The company has a fifty day moving average price of $3.45 and a two-hundred day moving average price of $3.38. The company has a market cap of $61.37 million, a P/E ratio of -2.13 and a beta of 1.97.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, May 8th. The transportation company reported $0.02 earnings per share for the quarter. The firm had revenue of $161.06 million during the quarter. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. Research analysts anticipate that FreightCar America, Inc. will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FreightCar America stock. Vanguard Group Inc. increased its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 4.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 584,292 shares of the transportation company’s stock after purchasing an additional 26,412 shares during the period. Vanguard Group Inc. owned 3.19% of FreightCar America worth $2,250,000 as of its most recent filing with the SEC. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.